Former CFO of Prominent NYC Charity Admits Guilt in Thefts

May 7, 2014

Another former executive of a prominent New York City charity has pleaded guilty to conspiracy and grand larceny in what authorities now call a scheme to steal $9 million over two decades.

Herbert Friedman, ex-chief financial officer of the Metropolitan Council on Jewish Poverty, admitted in state court that he received about $250,000 in the kickback scheme with insurance payments between the early 1990s and 2009.

The charity’s former CEO, William Rapfogel, and two other men previously pleaded guilty.

The Met Council helps poor and elderly city residents and gets state and city grants and contracts.

The 80-year-old Friedman is expected to pay $775,000 in restitution before sentencing June 17 and face four months in jail.

The convictions stem from an investigation by the New York state comptroller and attorney general.

Related Articles:

 

Subscribe Like this article?
Subscribe to our free email newsletter.

Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features